Time for a Cease-Fire in the War on Oil

As gas prices soar past $4 a gallon, the administration chases deep-sea rigs from the Gulf.

By

Joseph Mason

Updated April 25, 2011 12:01 am ET

This month, one year since the Deepwater Horizon explosion in the Gulf of Mexico, the Noble Clyde Boudreaux—an ultra-deepwater semi-submersible drilling rig—will start operations off the coast of Brazil. Until a few weeks ago it was stationed in the Gulf.

The two events are not unrelated. Moving the Noble out of U.S. waters is one of the adverse consequences of the Obama administration's overreaction to last year's Gulf spill.